UK regulators cancel plans to impose new diversity rules
BoE’s PRA among supervisors stating that regulations could be ‘in tension’ with focus to drive growth
The UK’s two main financial regulators told parliamentarians this week that they had cancelled plans to impose new diversity and inclusion rules on business.
In separate letters to the UK parliament’s Treasury Select Committee on March 11, the heads of the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) said new rules could increase the burden on firms at a time when the government was placing a growing emphasis on supporting growth.
The regulatory
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